The Federal Reserve Board ("FRB") proposed a rule that would tailor the application of prudential standards to U.S. bank holding companies and apply enhanced standards to certain large savings and loan holding companies. The FRB, FDIC, and Office of the Comptroller of the Currency (collectively, the "agencies") separately proposed changes that would tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations. Both proposals would establish categories of prudential standards in order to align requirements with a firm's risk profile. According to the
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The Dodd-Frank Act requires the Federal Reserve Board to issue regulations that require financial companies with total consolidated assets of more than $10 billion, and for which the Board is the primary federal financial regulatory agency, to conduct stress tests on an annual basis. The Board is adopting this final rule to implement the company-run stress test requirements in Section 165(i)(2) of the Dodd-Frank Act regarding company-run stress tests for bank holding companies with total consolidated assets greater than $10 billion but less than $50 billion, and state member banks and savings
Cadwalader partners summarized key provisions of the Economic Growth, Regulatory Relief, and Consumer Protection Act.
The FDIC, the Board of Governors of the Federal Reserve System and the OCC issued guidance to clarify supervisory expectations for an effective funds transfer pricing framework.
The Federal Reserve Board, FDIC and the Office of the Comptroller of the Currency detailed an interim approach to rules and associated reporting requirements affected by the Economic Growth, Regulatory Relief, and Consumer Protection Act.